SilverCrest Metals (CVE:SIL) Price Target Increased to C$12.00 by Analysts at Cormark

SilverCrest Metals (CVE:SIL) had its price objective lifted by Cormark from C$9.50 to C$12.00 in a research note issued on Friday, BayStreet.CA reports. Cormark’s price objective suggests a potential upside of 40.85% from the stock’s current price.

A number of other research analysts have also recently weighed in on SIL. Stifel Nicolaus cut their price objective on shares of SilverCrest Metals from C$7.75 to C$7.25 in a research report on Friday, January 26th. Raymond James boosted their price target on SilverCrest Metals from C$9.00 to C$9.75 in a research note on Friday, January 12th. Desjardins dropped their price objective on shares of SilverCrest Metals from C$10.25 to C$9.50 and set a “hold” rating on the stock in a report on Tuesday, March 12th. Finally, BMO Capital Markets upped their price target on SilverCrest Metals from C$8.25 to C$9.00 in a report on Tuesday, March 12th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$9.42.

SilverCrest Metals Stock Performance

Shares of SIL stock traded down C$0.04 during trading hours on Friday, reaching C$8.52. 246,455 shares of the company traded hands, compared to its average volume of 156,209. The company has a debt-to-equity ratio of 0.74, a current ratio of 5.50 and a quick ratio of 5.43. SilverCrest Metals has a 12-month low of C$2.85 and a 12-month high of C$8.70. The company has a market cap of C$1.25 billion and a P/E ratio of -83.53. The firm has a 50-day moving average price of C$8.52 and a 200 day moving average price of C$8.52.

Insider Activity

In related news, Director Pierre Beaudoin sold 63,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of C$7.44, for a total transaction of C$472,440.00. In other news, Director Pierre Beaudoin sold 63,500 shares of SilverCrest Metals stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of C$7.44, for a total value of C$472,440.00. Also, Director Nathan Eric Fier sold 259,227 shares of SilverCrest Metals stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of C$9.48, for a total value of C$2,457,471.96. In the last 90 days, insiders have sold 418,670 shares of company stock worth $3,814,578.

About SilverCrest Metals

SilverCrest Metals Inc acquires, explores for, and develops precious metal properties in Mexico. It primarily explores for silver and gold properties. The company's principal property is the Las Chispas project that consists of 28 concessions totaling approximately 1,401 hectares located in Sonora, Mexico.